Senior Analyst, Middle Office – Bank Loan Operations

Role Summary

• Provides oversight and operational support for the administration and settlement of T. Rowe Price bank loans held in a variety of products including, but not limited to, 1940 Act mutual funds, common trusts and collateralized loan obligations (CLOs).  Responsible for monitoring daily bank loan settlement activities within ClearPar and on manual documentation, as needed, for LSTA/LMA par and distressed loans.  Also responsible for oversight of lifecycle activity (i.e. rate changes, principal/interest payments, etc.) within Wall Street Office (WSO). Coordinates bank loan activity across T. Rowe Price investments, trading, and operations teams.  Serves as the primary point of escalation for bank loan trade settlement and position discrepancies.  Collaborates with front office personnel, counterparties, administrative agents and service providers to resolve all trade settlement, interest and position discrepancies.  Works under minimal supervision with direct accountability for daily bank loan operations.

Responsibilities

• Administers a broad range of portfolio transactions, ensuring proper controls and validations are in place and that activities are accurate and compliant.  Identifies quality, accuracy, or compliance deficiencies and corrects them.  Guides less experienced peers and support staff on preventing errors and interpreting process controls
• Serves as a primary liaison between securities operations staff, relationship managers, portfolio managers, custodians, and clients to collect, analyze, and communicate information that impacts accounts.  Fields and manages queries from internal or external clients and follows through to resolution.
• Oversees daily bank loan settlements and loan administration activities across investments, trading, and operations teams.  Works closely with service providers to ensure daily bank loan trades are successfully settled and loan lifecycle activities are processed in a timely manner.
• Oversees Trustee reporting, indenture compliance, waterfall payments, etc. for CLOs. 
• Monitors cash and position discrepancies and works closely with counterparties, service providers, and risk management to escalate and resolve in a timely manner.
• Acts as the primary point of escalation for bank loan discrepancies and service exceptions.  Directs service providers to address exceptional bank loan issues impacting BAU.
• Contributes as a bank loan operations SME, and leads bank loan projects spanning industry initiatives, new product launches, and process improvements.
• Analyzes report metrics and develops recommendations to address deficiencies.
• Opportunities are available to work directly with external clients and internal stakeholders across client service, distribution, and the front office on meaningful projects that have potential to significantly mitigate risk and impact the bottom line.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND
• 5+ years of total relevant work experience

Preferred:

• 7+ years of total relevant work experience within Investment Management, Asset Management or the Financial Services industry. 
• 7+ years of experience within investment operations.  Candidate should have a proven track record managing an operational process, identifying control gaps and leading projects to remediate them, managing internal/external stakeholders, being able to work with minimal supervision, and have a willingness and ability to eventually manage the team (people and processes).
• 5+ years of experience supporting bank loan administration and/or trade settlement strongly preferred
• 2+ years of experience supporting Collateralized Loan Obligations (CLOs) a plus
• Familiarity with both Wall Street Office (WSO) and ClearPar a plus
• Familiarity with other product types (i.e. Fixed Income, Equity, Derivatives, etc.) a plus
• Leadership experience and people management a plus

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to two days per week from home.

Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant work status).